Tidal Investments LLC Has $1.60 Million Stock Position in Ulta Beauty, Inc. (NASDAQ:ULTA)

Tidal Investments LLC lifted its position in Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) by 34.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,674 shares of the specialty retailer's stock after purchasing an additional 951 shares during the quarter. Tidal Investments LLC's holdings in Ulta Beauty were worth $1,598,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital World Investors acquired a new stake in shares of Ulta Beauty during the 4th quarter worth about $430,674,000. Norges Bank acquired a new stake in shares of Ulta Beauty during the 4th quarter worth about $239,432,000. Marshall Wace LLP increased its position in shares of Ulta Beauty by 10,336.7% during the 4th quarter. Marshall Wace LLP now owns 459,110 shares of the specialty retailer's stock worth $199,681,000 after purchasing an additional 454,711 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Ulta Beauty in the 4th quarter valued at about $58,074,000. Finally, Victory Capital Management Inc. grew its position in Ulta Beauty by 364.6% in the 4th quarter. Victory Capital Management Inc. now owns 159,053 shares of the specialty retailer's stock valued at $69,177,000 after acquiring an additional 124,822 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ulta Beauty

In related news, insider Jodi J. Caro sold 902 shares of the company's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $369.16, for a total transaction of $332,982.32. Following the sale, the insider now owns 7,632 shares in the company, valued at approximately $2,817,429.12. This represents a 10.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.17% of the company's stock.

Ulta Beauty Stock Performance

Shares of NASDAQ:ULTA traded down $0.73 during trading on Thursday, hitting $416.28. 485,536 shares of the stock were exchanged, compared to its average volume of 1,047,314. Ulta Beauty, Inc. has a 1-year low of $309.01 and a 1-year high of $460.00. The company has a market capitalization of $18.79 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 0.89 and a beta of 1.06. The company's fifty day simple moving average is $381.61 and its 200-day simple moving average is $387.08.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last posted its earnings results on Thursday, March 13th. The specialty retailer reported $8.46 EPS for the quarter, topping the consensus estimate of $7.13 by $1.33. Ulta Beauty had a return on equity of 51.95% and a net margin of 10.58%. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the company earned $8.08 EPS. Ulta Beauty's revenue was down 1.9% on a year-over-year basis. On average, research analysts forecast that Ulta Beauty, Inc. will post 23.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on ULTA. DA Davidson restated a "buy" rating and set a $415.00 target price on shares of Ulta Beauty in a research note on Wednesday, April 16th. JPMorgan Chase & Co. upped their target price on shares of Ulta Beauty from $475.00 to $477.00 and gave the stock an "overweight" rating in a research note on Friday, May 23rd. BMO Capital Markets cut their target price on shares of Ulta Beauty from $467.00 to $404.00 and set a "market perform" rating on the stock in a research note on Friday, March 14th. Citigroup restated a "neutral" rating and set a $425.00 target price (up from $365.00) on shares of Ulta Beauty in a research note on Friday, May 23rd. Finally, Canaccord Genuity Group cut their target price on shares of Ulta Beauty from $526.00 to $510.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Ulta Beauty has an average rating of "Hold" and a consensus target price of $424.78.

About Ulta Beauty

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.